A couple weeks ago, one of our group members, Ryan Godwin, had the opportunity to be involved in the Triad Startup Weekend at Flywheel down in Innovation Quarter. An interesting experiential experiment for people interested in entrepreneurship.
Ryan's team came in third-place; pretty good showing. The winner was .
Here's Ryan's report:
In early November a group of ambitious entrepreneurs gathered for the Triad Startup Weekend competition. Powered by Google for Entrepreneurs and hosted by Flywheel in the Innovation Quarter of downtown Winston Salem, the competition is designed to help budding entrepreneurs turn their ideas into a profitable business.
Participants formed teams, basically mock companies for the weekend, based on ideas pitched Friday afternoon. After teams were formed they each had 52 hours essentially start their company, including: developing a value proposition, identifying potential customers, performing market research, understanding the competitive landscape, and creating a minimum viable product.
One of the Salsbury group members, Ryan Godwin, participated in the event. His pitch for AutoMD, an application to enable researchers of all types to simulate biomolecules via molecular dynamics as a means to facilitate rational, structure-based drug design, was selected as a finalist for the competition. Coaches and mentors were on hand all weekend to help the teams prepare their eventual pitch, which was presented to a panel of judges Sunday evening. Repeatedly throughout the event, the coaches reiterated that every team had accomplished more than many actual businesses do in months.
The AutoMD team members had very complementary skill sets and the team accomplished a great deal over the weekend – enough for a third place finish. The winning team, Create My Story, plans to develop an app incorporating children’s real artwork into storytelling to promote childhood literacy with mobile technology. Second place went to CollegiateX, who plans to create an application platform to facilitate bartering among college students. The contest was very stimulating and educational and a great networking opportunity for everyone involved.